The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 11, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Excelsior Partners Acquires 50k sf OC Creative Office Asset


In a recent OC office buy, Excelsior Partners paid $16.8 mil for Create Tustin, a 50.8k sf ($331/sf), creative office building in Tustin. The building, located at 2642 Michelle Dr, is fully leased to three tenants Avid Bioservices (formerly Peregrine Pharmaceuticals), Advantage Sales & Marketing, and GPA Consultants.

Built in 1980 and renovated in 2017, the two-story building is situated on 2.81 acres and includes approximately 200 parking spaces. The institutional-quality asset features efficient rectangular floor plates, contemporary interior finishes and modern creative office build-outs throughout the tenant spaces.

2642 Michelle Drive is located in the Irvine Business Complex and is proximate to many amenities including The Tustin/Irvine Marketplace and The District at Tustin Legacy with more than 225 stores, shops and restaurants.

Sean Fulp, Ryan Plummer, Mark Schuessler, Paul Jones, Blake Bokosky and Brandon White with Newmark Knight Frank represented the seller, a joint venture between Harbor Associates and Stockbridge. The buyer, Excelsior Partners, represented itself.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media